Crypto-currencies continue to be actively implemented and expanded in the modern world. A lot of capital-holders are interested in joining the crypto-environment and developing their business in this direction. This is due to the fact that this area is quite productive, profitable, effective and rapidly developing. Italy is one of countries supporting crypto-currencies and trying to accompany the development of the blockchain space in the country.
Our specialists have vast experience in working with crypto business and licensing of such structures. We will provide you with comprehensive support in the development of your crypto business, accompanying you at all stages of this path. Our experts are also specialists in other areas, in particular, licensing of Forex brokers, gambling companies and financial structures.
Italian regulator – OAM – has established certain requirements and rules for crypto structures and AML policies that must be applied when conducting this business.
Registered firms must submit quarterly reports to OAM on transactions they have conducted in Italy. In particular, they must provide:
General requirements for documentation for crypto license Italy, internal organization of firms, representatives of management positions and employees are as follows.
Our experts are ready to help you prepare and collect the necessary documents for getting cryptocurrency exchange license Italy, and bring your company into full compliance with local requirements. We can also provide you with professional advice on licensing other areas of activity in many jurisdictions of the world, in particular, obtaining a Forex broker license in Singapore, Malta, the Czech Republic, Great Britain, Estonia and other countries.
Appropriate permits to officially conduct activities differ depending on type of activity:
If the activity consists only in the exchange, without the use of fiat means, then a regular crypto license is enough to work. For exchange and other operations using any legal fiat money, a separate permit is required.
The jurisdiction offers the following privileges and benefits for the organization and management of commercial structures in the domestic market.
To get cryptocurrency license in Italy, you need to adhere to next-mentioned.
Our experts will help you to collect the appropriate package of documentation and accompany you at every stage of licensing, all the nuances are taken care of.
Resident crypto enterprises must pay income tax in Italy on all income, including those received abroad. Non-resident legal entities pay according to the profits received from economic activities in the country (from Italian sources).
The total cost of obtaining a crypto currency license in a given jurisdiction is calculated individually in each individual case. Our experts will help you to optimize your expenses without hiding from you those or other features that may wait for you in planning your expenses.We provide comprehensive advice service on legislative aspects for all commercial areas, in particular, the IT industry, gambling, Fintech and others. Contact us and your commercial path will become swift, simple and efficient.
Cryptocurrency exchanges are platforms on which it is allowed to exchange cryptocurrencies among themselves, as well as for fiat funds. The activities of crypto exchanges are regulated in accordance with local laws and regulations established for the crypto sphere. The operation of a crypto exchange is possible only with the appropriate cryptocurrency license in Italy from the local regulator.
The Italian regulator – OAM – has established certain requirements and rules that must be applied when conducting this business. The regulator controls the activities of all companies that work with crypto assets. Crypto firms must obtain cryptocurrency exchange license Italy to operate and comply with the regulations that are set out in European directives regarding the prevention of illicit trafficking of funds and terrorism.
There are no prohibitions on trading with cryptocurrencies in Italy. The most crypto-friendly and popular among investors are Banca Sella, Intesa Sanpaolo and Fidor Bank. Activities with cryptocurrencies are only possible with the appropriate crypto license Italy.
Cryptocurrency in Italy can be used for payments and other payments. The exchange of cryptocurrencies among themselves and for fiat money is allowed. Cryptocurrencies can also be stored as deposits. Cryptocurrency activities are permitted only to companies with crypto license in Italy.
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